NC Kazakhstan Engineering JSC announces the conclusion of an agreement on the sale and purchase of a block of ordinary shares of Munaimash JSC (hereinafter referred to as the Asset) as part of the implementation of Government Decree No. 908 dated December 29, 2020 "On Certain Issues of Privatization for 2021-2025" .

The sale of the Asset took place following the results of an open electronic tender (hereinafter referred to as the Tender) held on the Web portal of the State Property Register www.gosreestr.kz . Elkam Munaimash LLP, which is a major shareholder of Munaimash JSC, was recognized as the winner of the Competition.

On May 16, 2023, a solemn signing of the Asset purchase and sale agreement on Competitive conditions took place at the Company's office. Information on the sale of the Asset, indicating all the conditions of sale, was previously posted on the Company's corporate website at the link: https://ke.kz/ru/press-center/news/2409/ . The main conditions are the preservation of activities, the preservation of the workforce and the creation of new jobs.

Munaimash JSC is a diversified, developing enterprise with many years of experience in the production of equipment for the oil and gas complex. JSC "Munaimash" is not a military plant. The main activity is aimed at the production of civil products in the oil and gas industry.

The production base of the enterprise includes a full cycle of manufacturing products, including metalworking, grinding, gas-flame, welding, tooling, thermal, turning and galvanic equipment.

The company specializes in the production of downhole rod pumps and additional protective devices for them, produced according to the original technology and has high accuracy, corrosion resistance to aggressive liquid and gaseous media, and increased wear resistance.